Paul Krugman: Don���t Blame Robots for Low Wages: "Partic...

Paul Krugman: Don���t Blame Robots for Low Wages: "Participants just assumed that robots are a big part of the problem���that machines are taking away the good jobs, or even jobs in general. For the most part this wasn���t even presented as a hypothesis, just as part of what everyone knows.... So it seems like a good idea to point out that in this case what everyone knows isn���t true.... We do have a big problem���but it has very little to do with technology, and a lot to do with politics and power.... Technological disruption... isn���t a new phenomenon. Still, is it accelerating? Not according to the data. If robots really were replacing workers en masse, we���d expect to see the amount of stuff produced by each remaining worker���labor productivity���soaring.... Technological change is an old story. What���s new is the failure of workers to share in the fruits of that technological change...

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